Europe Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market: Notable Developments & Geographical Outlook 2028F
Increasing government focus towards the development of marginal fields is expected to drive the Europe Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market growth in the forecast period, 2024-2028.
As
per the TechSci Research report titled "Europe
Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market -
By Country, Competition, Forecast and Opportunities, 2018-2028," Europe's
SURF market is poised to demonstrate robust growth from 2024 to 2028. Europe
strategically invests in domestic energy resources, both conventional and
renewable, to mitigate risks linked with energy imports. Offshore oil and gas
exploration and production activities in the North Sea, Baltic Sea, and other
offshore basins are encompassed within this initiative. The crucial role of
SURF systems in connecting offshore resources to onshore processing facilities
ensures a reliable and efficient energy supply, driving market demand.
Browse
over XX market data Figures spread through 135 Pages and an in-depth TOC
on "Europe
Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market”
In
terms of product, the Flowlines segment leads the Europe SURF market,
constituting a substantial portion. The segment's size is influenced by the
number of active offshore oil and gas fields, new developments, and
retrofitting activities. Material selection, critical in Flowlines design,
ensures durability and integrity. Flowlines are integral to subsea
infrastructure, including subsea trees, manifolds, and control systems,
requiring seamless integration for efficient and safe operations.
Regarding
types, the Shallow Water segment is anticipated to grow during the forecast
period, involving offshore operations in relatively shallow water depths,
primarily in the North Sea, Baltic Sea, Mediterranean Sea, and Barents Sea.
Shallow water projects benefit from cost-effective drilling and less complex
subsea infrastructure due to favorable water depths. The segment leverages
exploration activities to discover new reserves and production efforts to
maximize recovery from existing fields.
Key
companies in the Europe Oil & Gas Subsea Umbilicals, Risers and Flowlines
(SURF) Market include:
TechnipFMC
Aker
Solutions
Subsea
7
Saipem
Wood
Group
McDermott
International
Prysmian
Group
Nexans
Oceaneering
International
DOF
Subsea.
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According
to Mr. Karan Chechi, Research Director at TechSci Research, "Russia is
expected to dominate the market during the forecast period." Russia's
focus on environmental regulations aligns with global trends, emphasizing
advanced SURF systems to mitigate risks and protect marine ecosystems.
Providers offering environmentally sustainable solutions are well-positioned to
capitalize on opportunities within Russia's evolving regulatory framework.
"Europe
Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market By Product
(Flowlines, Umbilicals and Risers), By Type (Shallow Water, Deep Water and
Ultra Deep Water), By Country, By Competition Forecast & Opportunities,
2018-2028,"
assesses the future growth potential and provides valuable insights for informed
investment decisions, identifying emerging trends, drivers, challenges, and
opportunities in the Europe Oil & Gas Subsea Umbilicals, Risers and
Flowlines (SURF) Market.
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